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...after the crash, most of those preferred shares seemed so cheap that Graham couldn't bear to part with them, he wrote in his memoirs. They kept falling, and his profit soon turned to a loss. His fund (equivalent to a modern hedge fund) ended the year down 20%. In 1930 it dropped 50.5%; in 1931 16%; in 1932 3%. "The stock market," as Graham resignedly put it in the first edition of his book with David Dodd, Security Analysis (1934), "is a voting machine rather than weighing machine...

Author: /time Magazine | Title: The Dangerous Temptation of Super-Cheap Stocks | 10/23/2008 | See Source »

...music is being made. In terms of its discordance and abstraction, it compares to Dada, or the New York City and Berlin avant-garde movements of the 1970s. Yet something about it - a certain urgency and iconoclasm - could only have been spawned amid the wild experiment that is modern China itself. The country's punk and alternative-rock scenes have been gushed over by excited commentators, eager to cite them as evidence of China's changing mores. But they are staid in comparison to that created by a new breed of artists, who eschew conventional guitar-based music in favor...

Author: /time Magazine | Title: Come On Feel the Noise | 10/23/2008 | See Source »

...that doesn't preclude intelligent synth pop. In 2007, he teamed with Shanghai singer-songwriter Jay Wu to release Synth Love, an album of songs sung in English. A solo album of danceable techno, Post Haze, is due out this month on China's Modern Sky label. "The whole independent music scene is growing slowly in China," he says. Some of its hottest acts, incidentally, can be seen at Antidote, a club night co-founded by B6 and dedicated to new electronica. "Local kids are getting used to parties that are outside of traditional Chinese culture, and most...

Author: /time Magazine | Title: Come On Feel the Noise | 10/23/2008 | See Source »

...time when modern-day luddites are blaming the decline of our society on the constant glow of computer screens and televisions, but I proudly wear my TV addiction as a badge of honor. Angry mothers ironically appear on Oprah claiming that television is taking away from their family’s quality time, but I remember fondly how TV brings my family together...

Author: By Charleton A. Lamb, CRIMSON STAFF WRITER | Title: Confessions of a Couch Potato | 10/22/2008 | See Source »

Democratic state representative Myron Orfield ruefully concedes Ventura's extrapolitical appeal: "Jesse isn't just a former wrestler. He's a cultural phenomenon. He's connected to the modern vernacular of things here. He's with...

Author: /time Magazine | Title: Body Slam — Jesse Ventura | 10/22/2008 | See Source »

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